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“We then had a review of our account by NatWest, they decided to take our £50,000 overdraft facility from us.

“I understand they wanted to reduce the risk to them but there was no relationship there. It felt like they were just crunching numbers in London rather than basing this on a local relationship with someone who knew the business and its reputation.”

He added: “We were dealing with it for a few months but because we were putting so much into paying this money back we started to miss payments for leasing printing equipment.”

After missing two payments the lease company took court action with a winding-up order and took away equipment.

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Neil said: “That then destroys the confidence in the business, it just adds on the pressure although to be fair our clients were fantastic through this.”

It reached a stage where rather than continue to run up costs and risk a situation where staff could not be paid he took the decision to enter a CVA.

Neil said: “My concern was the staff, creditors and our clients. I did not want a situation where I could not pay staff, that would have been very unfair.”

He has contacted design firm Worldspan to see if they are able to assists clients and staff affected. He added: “It is horrendous on the personal level but you don’t have any choice but to pick yourself up and carry on.”